The Russian Corporation of Nanotechnologies will participate in three new investment projects worth RUB 7 billion. RUB 3 billion will be invested by Rusnano. Rusnano and the TMK Group will establish production of precision stainless steel pipes at the TMK subsidiary Sinarsky Pipe Plant. The main consumers of these products are the nuclear, chemical and oil and gas industries in addition to the energy and machine building industries. The improvement of stainless steel pipe characteristics, particularly pipe durability and resistance to aggressive environments, will be achieved by making modifications to the nanolevel structure of steel and alloys used in pipe production. The use of nanotechnology also reduces production costs due to the decrease in alloy additions.